It will take Jennifer zero years to depreciate her property because personal residences cannot be depreciated.
Real estate depreciation is the process of gradually lowering the value of a real estate asset until it becomes outdated. It enables investors to seek tax breaks. When accounting for depreciation, there is no actual cash flow.
Depreciation is limited to investment properties only. She can't depreciate a personal residence or vacation home. It is an appreciating property as it will only increase in value.
The degree of a property's price appreciation is determined by a variety of factors such as demand and supply, interest rates, location, future development plans, and so on.
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